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Google Delays Gemini 3.5 Pro, Stock Slides 4%

7/18/2026

49 8 Full Breakdown

Summary

Google Delays Gemini

Google delayed Gemini 3.5 Pro by months to fix lagging code performance revealed in internal tests.
The postponement caused shares to fall up to 5% intraday and close down 4.4%.
OpenAI and Meta launched code-generation models that beat Gemini, prompting users to adopt Anthropic’s Claude, while Google reports 75% of its internal code is AI-generated.

Summary

Google Retains Dominance

Google Search retained a 91.3% global market share in June, according to Statcounter data.
Average daily web visits to Google rose 4% YoY to 2.8 billion in June, per a Bank of America note citing Similarweb.
Traffic was about 16 times higher than ChatGPT’s and roughly 90 times higher than Anthropic’s Claude.
The data suggest users add AI tools while still relying heavily on traditional search.

History

Historical Context

In 1998 Larry Page and Sergey Brin launched Google Search, capturing about 10% of global queries within its first year and reaching roughly 30% market share by 2000. Decades later, a 2024 U.S. judge ruled the service an illegal monopoly, while its 90% share in 2025 faces fresh pressure from OpenAI, Meta and Anthropic as Gemini 3.5 Pro delays cede AI code-generation lead.

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Google Delays Gemini

Google delayed Gemini 3.5 Pro by months to fix lagging code performance revealed in internal tests.
The postponement caused shares to fall up to 5% intraday and close down 4.4%.
OpenAI and Meta launched code-generation models that beat Gemini, prompting users to adopt Anthropic’s Claude, while Google reports 75% of its internal code is AI-generated.

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